Sunday, September 24, 2017

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The procedure of registration of incorporation with SBRA takes less than 24 hours - Tuesday, March 14, 2017

 

In 2016, 8,429 companies were established, i.e. by 3% more than in 2015. Within the same period, 33,615 sole traders were established, i.e. by 0.5% more than in the previous year.

In case of 98.74% of companies, the integrated registration procedure with the Serbian Business Registers Agency and the Tax Administration (The Register of Taxpayer) was completed within 24 hours from the SBRA’s receipt of the application for registration of incorporation and the required documentation. In case of 1.26% of business entities, the procedure of registration of incorporation took more than 24 hours, mostly due to additional checks or formal deficiencies of the submitted documentation.

In case of 30,693 sole traders (99.22%), the procedure of registration of incorporation was completed in less than 24 hours, whereas in case of 0.8% of sole traders the procedure of registration of incorporation and obtaining of TIN lasted longer than one day.

A more detailed statistics shows that in case of 4,553 companies, i.e. 54.89% of the total number (8,429) of companies established in 2016, the integrated procedure of registration with the SBRA and the Tax Administration was completed on the very same day when the application of registration of incorporation and accompanying documentation were submitted to the SBRA. In case of 3,637 companies (43.85%), the registration certificate containing the TIN was issued next day, i.e. in less than 24 hours. In case of 105 companies (1.26%), the procedure of registration of incorporation was completed in more than 24 hours, while the registration procedure lasted longer than one working day in case of 70 companies (0.84%).

In 2016, 22,287 sole traders (72.08%) were registered with the SBRA on the same day when their applications for registration of incorporation were submitted, while in case of 8,406 sole traders (27.17%) the registration procedure and obtaining of TIN was completed on the next working day but within 24 hours. In case of 246 sole traders (0.80%) the procedure of registration was completed next day, but within 24 hours.

In the 2017 Doing Business Report of the World Bank Group, Serbia takes the 47th position with respect to the Starting a Business indicator.

Thanks to the business registration reform conducted in 2016, the procedure of registration with SBRA has been additionally simplified and the time thereof has been reduced. Based on this, Serbia’s Doing Business rank has improved by 18 positions compared to the previous year, i.e. from the 65th to the 47th position.

By improving the one-stop shop system of business registration, the electronic exchange of data between the SBRA and the Tax Administration has been accelerated, and the time required for the simultaneous implementation of the procedure of registration with the SBRA’s Business Entities Register and the Register of Taxpayers has been reduced to 24 hours.

The Serbian Business Registers Agency expects that the World Bank Group will recognize the said improvement in its next report.

 
The International Business Registers Survey Working Group Meeting in Belgrade, January 16-20, 2017 - Friday, January 20, 2017

 

This week, the Serbian Business Registers Agency (SBRA) hosted a five-day meeting of the International Business Registers Survey Working Group established by the four worldwide registry organizations: Association of Registers of Latin America and the Caribbean (ASORLAC), Corporate Registers Forum (CRF), European Commerce Registers’ Forum (ECRF) and International Association of Commercial Administrators (IACA).

The International Business Registers Survey is carried out every year with the purpose of gathering information on a wide spectrum of issues related to business registration systems, practices and performances all over the world, such as: institutional framework, structure and scope of functions of a business registry; types of business entities; registered capital; registration fees; number and types of submissions; processing time; use of information technology; provision of e-services; etc.

Collected information and data are then analyzed and presented in the International Business Registers Report, which has become an important reference tool for business registries. It is intended to provide jurisdictions with consolidated survey findings aimed at facilitating business registration authorities and policy makers to benchmark their performances and identify areas requiring further improvements.

Copies of the reports issued so far are available on the websites of ASORLAC, CRF, ECRF and IACA.

The Working Group comprises the following members:

  • Hayley E. Clarke, Canada (Business Programs Service Nova Scotia);
  • Kasper Sengeløv, Denmark (Danish Business Authority);
  • Celia Johnston, Germany (Local Court Essen, Project Group RegisSTAR);
  • Jens Grobelny, Germany (Local Court Münster, Project Group RegisSTAR);
  • Snežana Tošić, Serbia (Serbian Business Registers Agency);
  • Latha Kunjappa, Singapore (Accounting and Corporate Regulation Authority);
  • Annika Bränström, Sweden (Swedish Companies Registration Office);
  • Monica Grahn, Sweden (Swedish Companies Registration Office);
  • Magdalena Norlin Schönfeldt, Sweden (Swedish Companies Registration Office);
  • Stacey-Jo Smith, UK (Companies House); and
  • Marissa Soto-Ortiz, USA (Massachusetts Corporations Division).

 
Workshop on procurement policies and rules in public sector projects - Thursday, December 8, 2016


SERBIAN BUSINESS REGISTERS AGENCY (SBRA) HOSTS A WORKSHOP ON PROCUREMENT POLICIES AND RULES IN PUBLIC SECTOR PROJECTS FINANCED BY THE EBRD


Belgrade, 8 December 2016 – A two-day workshop on procurement policies and rules in public sector projects financed by the European Bank for Reconstruction and Development (EBRD) is currently in progress at the Serbian Business Registers Agency (SBRA).

The workshop is facilitated by two EBRD procurement specialists from the UK, Veljko Sikirica and Jenny Scheffel, and attended not only by the SBRA staff, but also by staff members of 11 other institutions from Slovenia, Macedonia, Republika Srpska and Serbia, among which, the State Audit Institution, Tax Administration, City of Belgrade, Belgrade Stock Exchange, Law Faculty and NALED.

The workshop was organized in support of the implementation of a project for the development of a regional business registries IT portal for the exchange of business data from the Serbian Business Registers Agency (SBRA) and the Central Register of the Republic of Macedonia (CRRM), soon to be joined by the Agency of the Republic of Slovenia for Public Legal Records (AJPES) and the Financial Agency of the Republic of Croatia (FINA). The project is scheduled to be completed by 2018.

Considering that the funding for this project was provided by the EBRD, the aim of the workshop is to train public sector staff to implement public procurements in compliance with the rules of this financial institution, also to better grasp why these policies are important for the beneficiaries, contractors, suppliers and consultants, and to identify main procurement issues during project implementation in real life.

The European Bank for Reconstruction and Development places special emphasis on capacity building in its countries of operations, with the core objective of fostering efficient use of public funds, contributing to strengthening institutions, corporate governance and internal capacity building.

Statements by the SBRA Director Zvonko Obradović and the EBRD public procurement experts Veljko Sikirica can be downloaded from www.infobiro.tv.

 
SBRA and AJPES signed a Memorandum of Understanding - Wednesday, June 22, 2016

The Director of the Agency of the Republic of Slovenia for Public Legal Records and Related Services (AJPES) - Mojca Kunšek, MSc, and the Director of the Serbian Business Registers Agency (SBRA) - Zvonko Obradović, signed today a Memorandum of Understanding (MoU), which aims at establishing a framework for cooperation in the implementation of joint activities.

The cooperation will include the exchange of available data and information, the provision of solvency-related services and assigning a global Legal Entity Identifier (LEI Code), initiating and participating in the regional and EU projects, as well as the implementation of the Project for the establishment of the Regional business registers portal supported by the European Bank for Reconstruction and Development.

In addition, the MoU covers cooperation in the provision of registration and analytical services to public and private sector, the promotion of technological platform and modelling of business processes, the exchange of experiences in the registry and institutional management, as well as in improving data security and data processing.

 
Data for the first six months of 2015 are published on the Map of the RDMI Register - Wednesday, August 12, 2015

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 30 June 2015 period.
 
The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).
 
The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
Data for the first quarter of 2015 are published on the Map of the RDMI Register - Wednesday, May 27, 2015

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 31 March 2015 period.
 
The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).
 
The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
Data for 2014 are published on the Map of the Regional Development Measures and Incentives Register - Wednesday, March 18, 2015

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map), that map contains updated data for the 1 January - 31 December 2014 period.
 
The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).
 
The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
Draft Law on Temporary Restriction of the Right to Perform Economic and Other Activities - Wednesday, November 26, 2014

The Ministry of Economy, the Serbian Business Registers Agency (SBRA) and the Serbian Chamber of Commerce and Industry, in cooperation with the Regional Chambers of Commerce and Industry of Novi Sad and Nis, invite interested parties to participate in the public hearings on the Draft Law on Temporary Restriction of the Right to Perform Economic and Other Activities.

Calendar of the scheduled public hearings:

  • 28 November 2014, 11:00 a.m.
    Regional Chamber of Commerce and Industry of Niš
    2, Dobrička Str., Nis
    Venue: big conference room, 2nd floor
  • 1 December 2014, 11:00 a.m.
    Regional Chamber of Commerce and Industry of Novi Sad
    10, Narodnog fronta Str., Novi Sad
    Venue: blue conference room, 2nd floor
  • 3 December 2014, 11:00 a.m.
    Serbian Chamber of Commerce and Industry
    23, Terazije Str., Belgrade
    Venue: big conference room, 2nd floor

Participants:

  • Mr. Zeljko Sertic, Minister of Economy;
  • Dr. Dragan Janjic, Assistant to the Minister of Economy;
  • Mr. Zvonko Obradovic, SBRA Director; and
  • Mr. Miladin Maglov, Registrar of the SBRA Business Entities Register.
 
Data for the first nine months of 2014 are published on the Map of the RDMI Register - Wednesday, October 29, 2014

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 30 September 2014 period. link
 
The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).
 
The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.


 
Data for the first six months of 2014 are published on the Map of the RegRDMI - Friday, August 1, 2014

 

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 30 June 2014 period.link

 

The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).

 

The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
Data for the first quarter of 2014 are published on the Map of the Regional Development Measures and - Friday, June 6, 2014

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 31 March 2014 period.link

 

The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).

 

The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
Paypal Account opened for the Flood Victims - Monday, May 19, 2014

From May 18th 2014, the humanitarian aid to flood victims in Serbia will be feasible through payment via PayPal in 193 countries and regions.

Account belongs to the diplomatic missions of Serbia in Brussels from which the money is directly transferred to the account of the Government of the Republic of Serbia for aid to flood victims.

Humanitarian aid can be paid through PayPal, at :floodrelief@gov.rs

 
Redesigned Map of the Regional Development Measures and Incentives Register - Thursday, March 27, 2014

The Serbian Business Registers Agency has redesigned a web portal containing the Map of the Regional Development Measures and Incentives Register (RegRDMI Map), so that users are now offered a free of charge access to the said Register’s data in a much simpler and clearer way than before.

 In addition to the Cyrillic and Latin versions of the RegRDMI Map in the Serbian language, the users can also access the RegRDMI Map’s content in the English language, which enables that a larger number of users, utilizing data for their own analyses and researches, now use the multi-source data that are sublimated at a single place.

The RegRDMI Map is an interactive web portal that displays different aggregate data originating from the Regional Development Measures and Incentives Register and other electronic registers kept by the SBRA, as well as data taken over from other state authorities and organizations. In addition to the data that have been available so far, the RegRDMI Map is further enriched with data on the non-profit sector, as well as with a set of the regional development incentives data that indicate amounts of incentives, by territorial allocation level thereof.

In addition to the spreadsheets that have been available so far, the SBRA has also prepared the charts, which allow a clearer display of offered data. Another novelty is a direct access to the footnotes’ content, as well as access to additional explanations contained in the notes provided below published tables, which will, hopefully, enable a better understanding of the presented data.

We remind that RegRDMI Map’s data refer to a four year time series for the four territorial levels (Republic of Serbia, regions, districts, municipalities), which have been updated with the latest data covering the period 1 January through 31 December 2013. link

 
Data for the first nine months of 2013 are published on the RegRDMI Map - Friday, November 1, 2013

We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 30 September 2013 period. Map

The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).

The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.


 
Data for the first six months of 2013 are published on the RegRDMI Map - Friday, July 19, 2013
We inform customers of the “Map of the Regional Development Measures and Incentives Register” (RegRDMI Map) web portal, that map contains updated data for the 1 January - 30 June 2013 period. Map

The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).

The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.



 
Assessment of KOICA Donation’s Effects (VIDEO) - Monday, May 27, 2013

The KOICA (Korea International Cooperation Agency) delegation is paying a working visit to the Serbian Business Registers Agency (SBRA), from today to 31 May 2013.

The visit is
aimed at assessing the effects of the Government of the Republic of Korea Donation on shortening administrative procedures for business registration and improvement of business conditions in the Republic of Serbia.

Thanks to the Donation for the Improvement of Business Processes of the Serbian Business Registers Agency, worth 3.2 Million US Dollars, a support
to the implementation of one stop shop registration system has been provided, whereby the number of steps to start a business in the Republic of Serbia has been reduced as of 2009.

W
ith the help of this donation, an information system for integrated and more efficient reception of registration applications at the SBRA’s reception counter desks has been designed too, as well as the unique hub for the exchange of electronic data among SBRA and several government institutions, banks and other customers.

IT equipment for the SBRA’s unique information system was
one of the Donation’s components, as well as a training of SBRA’s employees in the Republic of Korea, thanks to which the Agency’s business capacities were additionally strengthened, enabling establishment of several new registers within a short period of time.

The Donation was signed on 14 February 2008 in Belgrade and was implemented within the 2008 – 201
0 period. Thanks to the successful implementation of this project, the cooperation between the two countries has been improved, especially in the field of ICT.

Watch the video
statements made by the Director of the Serbian Business Registers Agency, Zvonko Obradovic, and Sojin Lim of the Korea International Cooperation Agency here:


 
Application of the Law on the Procedure of Registration with the SBRA on the Pledge Register - Wednesday, May 1, 2013

As of May 1, 2013, the Law on the procedure of registration with the Serbian Business Registers Agency applies on the registration procedure in the Pledge Register (RS Official Gazette No 99/11). The Rules on the content of the Register of pledges on movable property and rights also apply as of the same date, (RS Official Gazette No 31/13).

Basic information on changes in the registration procedure in the Pledge Register is provided in  the section ”ABOUT REGISTER”, while more detailed information about novelties in  the registration procedure can be found in the section ”Instructions”.


 
Data for the first quarter of 2013 are published on the RegRDMI Map - Friday, April 26, 2013


The Map of the Regional Development Measures and Incentives Register (RegRDMI Map) web portal contains updated data for the 1 January - 31 March 2013 period.Map

The RegRDMI Map data relate to the time series of four years, which are published for the four territorial levels (Republic of Serbia, Regions, Districts, Municipalities).

The RegRDMI Map shows aggregate data on the regional development incentives, as well as other data of relevance to the regional development.

 
End of preliminary aggregate processing of financial statements for 2011 - Wednesday, April 18, 2012
The Serbian Business Registers Agency informs all companies and cooperatives, foreign company branches conducting business in the Republic of Serbia, all other legal entities (associations, political and social organizations, institutions and trade unions) and entrepreneurs with double-entry financial accounting system that Thursday, 26 April 2012, is the last day to submit requests for the replacement of the registered annual financial statements for 2011, pursuant to the law.

The Financial Statements and Solvency Register will not be accepting any replacements of the annual financial statements submitted after this date and further correction of data in these financial statements will only be possible on the basis of an auditor’s report (for entities subject to auditing) or of an order by the competent state authority.

After the completion of the preliminary aggregate processing of regular annual financial statements, the Register will publish the individual data from the registered reports on SBRA's website.
 
Publication of annual financial statements for financial institutions - Tuesday, April 17, 2012
The Serbian Business Registers Agency (SBRA) informs all interested users that,  following the completion of preliminary processing, requirements have been met for the publication of the 2011 financial statements of all financial institutions, specifically:

Banks
National Bank of Serbia
Insurance companies
Stock exchanges and broker-dealer companies
Financial leasing providers
Voluntary pension fund management companies and voluntary pension funds
Investment fund management companies and public investment funds
Public and private investment funds
Other financial institutions

The individual data from the registered annual financial statements for financial institutions are available on this website, in the Financial Statements and Solvency section, under Published Financial Reports, and can be retrieved by entering the financial institution’s registration code.

Information on service delivery start date will be published in due course.
 
Training at SBRA for representatives of local government - Thursday, April 5, 2012
NALED and GIZ/KWD organized a training in the Serbian Business Registers Agency (SBRA) on “Access to public data from the Regional Development Measures and Incentives Register and other SBRA registers“ for local government representatives from the municipalities of Golubac, Majdanpek and Sokobanja.

SBRA representatives informed the training participants about the public data available on SBRA’s website through the data search engine in the registers kept by this Agency. These data are disaggregated by status, agreements and financial data on registered entities. Furthermore, the Regional Development Measures and Incentives Register’s Map providing comprehensive data on the state of the economy in the individual regions, districts and municipalities and on state investments into regional and local government projects was also presented.

The municipality representatives were informed about the data published in the Financial Statements and Solvency Register, the contents of macroeconomic reports on the business operations of companies and entrepreneurs in the Republic of Serbia that are developed based on the processed aggregate data from the annual and consolidated financial statements, and about the services provided by this register that are related to the solvency, scoring and rating of business entities.

The training in SBRA was organized within the GIZ/KWD project supporting local economic development in the municipalities of Eastern Serbia, for the members of the NALED Working Group for Entrepreneurial Development in Eastern Serbia, with the aim of raising the administrative capacity of the municipalities and assisting the project participants in collecting quality information and official data for developing expert analyses, improving the quality of reporting and attracting potential investors.
 
Information on the processing of financial statements for 2011 - Thursday, March 22, 2012
The Serbian Business Registers Agency (SBRA) has received approximately 150,000 regular annual financial statements for 2011 that corporate taxpayers have filed pursuant to the Law on Accounting and Auditing. Out of these, the receipt of 132,000 financial statements has been filed while over 100,000 of these statements are currently being processed and registered.

At the end of the registration procedure for each annual financial report for 2011, the submitters will get a confirmation of registration for these reports, while the submitters of financial statements that the formal, accounting and logic control procedure found to be inadequate, will be sent a notice on the shortcomings that need to be fixed. Today, the Agency will start sending out confirmations on registered financial statements for 2011, and notices about irregularities in these reports.

We remind that, just as in the previous years, the Agency will guarantee full transparency of the processing and registration of each individual statement, by enabling submitters to access data on the receipt, processing and registration of the filed statements found in the section Financial Statements and Solvency/Search Financial Statements for 2011 that can be searched by entering the company registration code.

At the end of preliminary processing of the annual financial statements for 2011, data from these reports will be available to all interested users as part of the services provided by the Financial Statements and Solvency Register. Until then, the reports on solvency, scoring and other services will contain data from financial statements conclusive with 2010. We note that while processing financial statements for 2011, the Agency will not be issuing separate certificates on the status of each individual financial statement.
 
Activities undertaken by SBRA as part of the harmonization process of businesses - Tuesday, February 28, 2012
SBRA has completed the harmonization of business names, ex officio, and will automatically complete harmonization of the capital of business companies and entrepreneurs, at the end of April, pursuant to the Company Law and the Law on the procedure of registration with the Serbian Business Registers Agency.

With the automation of these two administrative procedures, the Agency will yield savings to the economy worth RSD 300 million.
 
Deadline nearing for re-registration of sport organizations, endowments and foundations - Monday, February 27, 2012
Pursuant to the Law on Sport, all sport organizations are required to register by 12 April, while existing endowments and foundations have an additional three days to submit their applications for re-registration, pursuant to the Law on Endowments and Foundations.
 
Notice of receipt of annual financial reports for 2011 - Friday, February 24, 2012
Until yesterday, the Agency received more than 75,000 financial statements via internet, and 15,000 by post. We remind all legal entities and entrepreneurs subject to the Accounting and Auditing Law who have not filed their annual financial statements for 2011 that the deadline for filing these expires on 29 February 2012.

Financial statements are to be submitted to the Agency exclusively by registered mail to the following address: Serbian Business Registers Agency, Brankova 25, 11000 Belgrade, to the respective PO Boxes, regardless of whether they were drafted in writing or in the Agency’s apposite software program. We note that the financial statements drawn up in the Agency’s software program should first be submitted online – through the appropriate web service, and then by regular mail as well – in the form of printed financial statement forms signed by the submitter’s authorized representative.

Legal entities and entrepreneurs required to file financial statements for 2011 also have to attach a request for the registration of financial statements to these financial statements, along with proof of payment of the registration fee, while those that are not required to register in the registers kept by SBRA should also submit a notarized signature of the authorized representative on the OP Form, if this was not delivered earlier.

The date of submittal of the financial statement to the post office, i.e. the date stamped by the post on the postal item is considered as the date of receipt of the financial statement by the Agency.

All additional information on the receipt and processing of financial statements for 2011, on the current status of filed financial statements but also on late-filing, no-filing or irregular-filing penalties are published on this website in the Financial Statements and Solvency Register section. The Agency’s Call Centre is available for all additional information by phone at: (011) 2023 350.
 
Important notice for users of SBRA’S online data search on legal entities - Tuesday, February 7, 2012
Pursuant to the obligations stipulated under the Company Law (Official Gazette of RS No 36/2011, 99/2011) and the Law on the procedure of registration with the Serbian Business Registers Agency (Official Gazette of RS No 099/2011, of 27 December 2011), SBRA has made several changes in the database that consequently prompted significant changes in its online data search service.

These changes are a result of the significant changes made to the structure of the database on companies, entrepreneurs and other legal entities on 1 February 2012. At the same time, the Agency also migrated existing data into a new structure, and automatically harmonized company business names in line with the provisions of the new Company Law.

In accordance with the above, the Agency also redesigned data on companies, entrepreneurs and other legal entities and expanded the volume of data that will be published on the Agency’s website in the future.
 
The Agency has published its software for generating financial statements for 2011 - Thursday, February 2, 2012
We inform users that the Agency has posted a software for generating financial statements for 2011 on its website in the Financial Statements and Solvency Register/Receipt and registration of financial statements section.

Please note that the financial statements filed online through our web service, must be printed in hard copy in the software program and dispatched to the Agency by regular post as well, to the appropriate PO Box, otherwise the financial statement will be deemed not filed.
 
SBRA’s website highly ranked on Top 50 .rs websites - Monday, January 30, 2012
PC PRESS magazine published a ranking list of the best domestic, .rs domain websites. SBRA’s website was very highly ranked on the Top 50 list of most valuable websites, in the “SOCIETY” category, along with the official websites of the City of Belgrade and AMSS.

PC PRESS recommends SBRA’s website, www.apr.gov.rs as a must first stop for all those starting cooperation with some company, because the website provides users with valuable information on the operations of companies registered in Serbia. In addition to information on the company’s founders, registered capital, losses or profit in the previous years. Users are also advised to check whether these companies are burdened with substantial mortgages or other encumbrances.
 
Map of the Regional Development Measures and Incentives Register available on SBRA's as of to day - Tuesday, January 24, 2012
As of today, the Map of the Regional Development Measures and Incentives Register is available on SBRA's website, within the Regional Development Measures and Incentives Register. This interactive Map will enable user friendly access to aggregate data on total investments into regional development by ten various state agencies including funds allocated for this purpose through these institutions by foreign donors. The institutions that are required to compile the data are listed in the Regional Development Measures and Incentives Register/Access Register Map section.

The Register Map publishes data on total regional development incentives by purpose, type of user, implementer and manner of funding of incentives. To get the wider picture of regional development, the Agency publishes data on the number of inhabitants and (un)employed, the economy’s structure, financial performance, indebtedness and insolvency, all this by geographic distribution (at the level of the republic, region, district and municipality).

The Register Map is updated every 20th day of the month, with input of data from institutions tasked with compiling data on regional development incentives disbursed, and data taken over from other registers of the Agency and other governmental organizations. The Regional Development Measures and Incentives Register’s database currently contains data for the years 2008, 2009, 2010 and 2011.
 
Public presentation of the Map of the Regional Development Measures and Incentives Register - Tuesday, January 24, 2012
The Map of the Regional Development Measures and Incentives Register, available on SBRA's website as of today, was presented at a public event attended by Deputy Prime Minister of the Government of the Republic of Serbia Verica Kalanović, SBRA's Director Zvonko Obradović and State Secretary for Regional Development Dragijana Radonjić Petrović. The conference in the Serbia Palace was also attended by representatives of the ministries, agencies and funds tasked with compiling the Register's database.
 
Compliance of business entities with the new Company Law - Thursday, January 12, 2012
Starting 1 February this year, the Company Law (Official Gazette of RS, No 36/2011), and the Law on Amendments to the Company Law (Official Gazette of RS No 36/2011), and the Law on Amendments to the Company Law (Official Gazette of RS No 99/2011) requires all companies and entrepreneurs to comply with the provisions of the new law.

This entails the obligation of business entities to harmonize their capital, founding acts and bodies with the provisions of the new law. More detailed information on the subject can be found on the Agency’s website, Company Register/Instructions for compliance of business entities with the new Company Law, Entrepreneurs/Instructions for compliance of entrepreneurs with the new Company Law.
 
First Business Registration Certificate Issued in Faster Startup Procedure - Tuesday, May 12, 2009

 
Today, May 12, Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mlađan Dinkić presented the first business registration certificate issued in a faster startup procedure that take took only three days. The event, which took place in the Serbian Business Registers Agency, marked the launching of the one stop shop system of registration.

The first registration certificate complete with tax identification number (TIN) was awarded to Ms. Biljana Sekulovic-Deves, the owner of Bisal Group, a Belgrade based limited liability company registered for trade, consulting and services.

As Dinkić emphasized, with the introduction of the one stop shop system of registration, Serbia has reduced the costs and time required for starting a business, enabling the citizens to register their businesses at a single reception desk in SBRA. As of today, he underscored, SBRA, the Tax Administration, the Health Insurance Fund and the Pension and Disability Insurance Fund were electronically linked, relieving the citizens from the need to meander from one agency to another. He announced further government activities on lifting administrative barriers for business. Dinkić specified that our country currently has 8,800 laws and regulations, many of them inadequate and obsolete, which will be eliminated within a comprehensive regulatory reform.

Business Registers Agency Director Zvonko Obradović said that with introduction of the one stop shop registration, the startup procedure will be four times faster. The one stop shop system enables citizens to file an integrated application for registration with the SBRA and thus pass all the procedures that used to take place separately in SBRA, Tax Administration (TA), Health Insurance Fund (RHIF) and Pension and Disability Insurance Fund (PDIF). In the future, the four procedures will not take longer than 3 days for companies and entrepreneurs. Along with the registration certificate, SBRA will grant applicants a TIN, as well as their certificates of registration with RHIP and PDIF, Zvonko Obradović explained. He went on to say this was merely the first stage in the implementation of the one stop shop system. In the second stage, public agencies will work together on setting up a one stop shop system for filing annual accounts.

Tax Administration Director Dragutin Radosavljević said that “e-government between public agencies came into being” and expressed the hope that the process would expand to include other government agencies, the economy and citizens within the next two years, in order to simplify doing business for the citizens.

Head of Comprehensive Regulatory Reform Unit Andreja Marušić and Pension and Disability Insurance Fund Director Slobodan Zdravković also attended the presentation ceremony of the first business registration certificate issued in a streamlined procedure.

 
New Search Criteria in the Register of Pledges - Friday, May 8, 2009


As of 07 May 2009, the online data search service of the Register of Pledges allows users to search pledged company shares, by using the following search criteria:

  • company code
  • business name of the company whose shares have been pledged.

In the section Search by Object of Pledge, within Search by Object Criteria, in the drop down menu you may select the option Share and search the pledged asset.

 
Important Instruction for Companies - Wednesday, May 6, 2009


The enactment of the Rules on Granting Tax Identification Number to Legal Entities, Sole Traders and other Entities whose Registration is under the Authority of the Business Registers Agency (“Official Gazette of the Republic of Serbia” no. 32/2009, published on 5 May 2009), has enabled the Serbian Business Agency to launch its one-stop shop company registration system on 6 May 2009.

This system will enable the citizens to register their business at the Agency’s desk and collect their Business Registration Certificate complete with tax identification number (TIN) within 5 days, which is the timeframe stipulated by the Business Registration Law.

From now onwards, applications for company registration can only be filed on the new, integrated applications for registration of sole traders  and companies  and registration in the Taxpayers Register, as prescribed by the Rules on Granting Tax Identification Number to Legal Entities, Sole Traders and other Entities whose Registration is under Authority of the Business Registers Agency. The electronic forms can be downloaded from this website, in the sections Companies-Forms and Entrepreneurs-Forms. Otherwise, paper forms can be purchased in SBRA’s head office or branch offices. The OP Form (Authenticated Signatures of Proxies Granted the Power of Attorney) can also be downloaded and printed from the Companies-Forms section.

When completing the new registration forms, applicants should neatly enter all the required data. SBRA subsequently forwards the registration form on the applicants’ behalf electronically to other government agencies (Tax Administration, PDIF, RHIF), in order to go through the relevant administrative procedures for business startup. All necessary instructions concerning registration of both companies and entrepreneurs are available in the Instructions section of this website.

NOTIFICATION FOR COMPANIES ONLY

Upon payment of the initial capital, the prospective founders of a company need to request a Certificate from their bank, containing the value of the initial capital in euros and in dinars, according to the exchange rate effective on the day of the payment.

Furthermore, if the founders wish to subscribe and contribute non-monetary capital as well, their articles of association should contain the value of the initial capital denominated both in euros and in dinars, according to the exchange rate effective on the day of the subscription or contribution of the initial capital to the company.

The moderator of the seminar, which was organized in association with the Ministry of Economy and Regional Development, Tax Administration and USAID, was Miša Brkić, the editor of the economic column of Politika daily.

 
Seminar for Economic Journalists Held in Kovilovo - Friday, April 10, 2009


On 8 April, Business Registers Agency in association with the National Alliance for Local Economic Development (NALED) has organized a one-day seminar for economic journalists: Simplifying Procedures to Create a More Favorable Business Environment.

Head of the Government’s Regulatory Review Unit Andreja Marušić announced that the “guillotine” of redundant, obsolete and inefficient regulations will be launched on 31 December. The objectives of the Comprehensive Regulatory Reform (CRR) will be to cut red tape costs by at least 25% by 2011, to accelerate and cut administrative procedures and improve Serbia’s international rating.

Assistant Minister of Economy and Regional Development Igor Brkanović pointed out the necessity of establishing a public-private dialogue for a more efficient advocacy for SMEs interests, both at the local and at the state level.

Serbian Business Registers Agency Director Zvonko Obradovic announced introduction of one stop shop registration of business entities, which will start on 1 May 2009 and will integrate the assignment of a tax identification number (TIN) by the Business Registers Agency. He explained that by submitting an integrated registration form, the applicants will automatically initiate the procedure for obtaining a TIN from the Tax Administration.

Head of the Tax Administration Education and Communication Division Milan Đurić said that upon receiving the application, the Tax Administration will process the prospective businessmen’s request within 24 hours and send a TIN electronically to the Serbian Business Registers Agency, thus considerably improving its service for citizens.

USAID Deputy Team Leader of Policy Reform Component Tatijana Pavlović-Krizanić presented the results of NALED’s Out of the Maze campaign, which compiled 245 suggestions describing procedures that create the largest problems for business, published in the Grey Book together with recommendations for removal of administrative obstacles to doing business in Serbia. President of Stara Pazova Municipality Goran Jović talked about the difficulties that the local authorities face in implementing republic level administrative procedures.

 
Receipt of Annual Financial Statements for 2008 - Tuesday, March 10, 2009


The Serbian Business Registers Agency (SBRA) has received 111,874 annual financial statements for 2008. The processed data, (information on classification, which business entities are required to submit along with their annual accounts), indicate that 3,373 large and medium-sized companies and 108,501 small-sized enterprises operate in Serbia. These include 16,210 sole traders, who applied double-entry bookkeeping last year and were obligated to compile annual financial statements.   

Out of the total number of financial statements received by the Belgrade office of the Serbian Business Registers Agency’s Belgrade, 21,388 (19 percent), were submitted in person, while 81 percent of legal entities sent their statements by mail.

The Agency promptly started processing the submitted annual financial statements and will complete this work by 30 June. SBRA will first process the annual accounts of large and medium-sized enterprises and will move on to statements of small-sized enterprises. As the entities’ statements are processed and entered in the electronic database of the Business Entities Register, the data on their total assets, capital, business revenue and expenditure, net profit and number of employees, as well as full names of their certified accountants, will be published on the Agency’s website.

Business entities that failed to submit their balance sheets by the stipulated deadline may still fulfill their liability. However, they are required to pay higher fees that are charged for failing to report changes in a timely manner – RSD5,040 for companies and RSD2,880 for entrepreneurs.

Business Registers Agency hereby reminds business entities that failing to file financial statements with a competent register is considered a corporate offence. Furthermore, the Business Registration Law prescribes that a business entity that fails to submit its financial statement for two consecutive years shall have its status changed into an inactive business entity.

 
Increase in Fee for Obtaining Company Code - Tuesday, February 10, 2009


The Government of the Republic of Serbia has raised the fee for the company code, which is assigned to a business entity upon registration, to RSD 1,750. The fee was increased as of 30 January 2009 in conformity with the Law on Amendments and Changes to the Law on Administrative Fees of the Republic (“Official Gazette of the Republic of Serbia” no. 5/09).

The fee for obtaining a company code is paid to the account of the Budget of the Republic of Serbia. The account number is 840-742221843-57, payment Model is 97, while the Reference Number is a code that can be found in the list of municipalities in the section Companies-Instructions-Registration of this website.

The fees charged by the Serbian Business Registers Agency have not changed.

 
First Electronic Certificate Awarded to SBRA - Wednesday, January 28, 2009


The certification body of PTT Serbia company awarded today the first qualified electronic certificate for legal entities to the Serbian Business Registers Agency.

With the introduction of the qualified electronic signature, SBRA will enable its clients a fully online registration process in conformity with the Business Registration Law that was passed in May 2004. With introduction of the e-business platform, business entities will be able to submit their completed application forms and the required documents electronically.

Online filing of application for registration of enterprises is currently available to sole traders. The application form can be found on our website in the section Electronic Registration of Entrepreneurs.

 
SBRA at the International Entrepreneurship Fair Business Base 2008 - Thursday, November 27, 2008


The Serbian Business Registers Agency (SBRA) will take part in the International Entrepreneurship Fair Business Base 2008 scheduled to take place between 27 and 29 November 2008 at the Belgrade Fair, under the slogan “Step towards success”.

The objective of SBRA’s participation in the entrepreneurship fair, which is a point of contact between small- and medium-sized enterprises and entrepreneurs with the institutions that focus on enterprise development, is to inform the public about the way enterprises and businesses are registered. Future business owners who wish to apply for loans to purchase the necessary equipment and machines can learn about the advantages of registering a pledge on movable property and rights, which serves as a security for startup loans, in the Register of Pledges.

One of the side events of the fair will be a presentation by Serbian Business Registers Agency Director Zvonko Obradović, who will talk about Electronic Registration and One Stop Shop System on 28 November at 1:30 p.m. Namely, once the certification of electronic signatures starts, SBRA will finally be able to fully implement the system of online registration. Director Zvonko Obradović will also inform the public about the steps the Agency will take in the following period so that registration of business entities can take place at a single reception desk in SBRA as of next year.

 
SBRA to Participate in CAREER ’08 - Monday, November 10, 2008


The Serbian Business Registers Agency (SBRA) will take part in the CAREER ’08 fair, scheduled to take place on 12-13 November at the BeoExpo center, in New Belgrade. SBRA is a co-organizer of the event, together with the Agency for SME and Entrepreneurship Development and the National Employment Service. The general sponsor of the fair is the Ministry of Economy and Regional Development.

Zvonko Obradović, SBRA director, will attend the inauguration of the fair on Wednesday, 12 November, at 11:00 a.m.

At the fair, SBRA will provide all requisite information on the process of registration of new businesses and companies, as well as information concerning registration of pledge over movable property and rights and leasing agreements.

CAREER '08 provides an opportunity for high school graduates, students and those who are employed but looking for a better job to meet 60 potential employers from Serbia and the region.

 
SBRA at the E-Government Conference - Tuesday, October 21, 2008


The Registrar of the Company Register Miladin Maglov attended the E-Government in Serbia conference. The conference addressed the potentials of practical application of IT in the central government and local administrations and was organized by the Danas daily Conference Center in the Hyatt Hotel, Belgrade, on 20 October.

In his presentation on Electronic Registration for a Cheaper and More Efficient Government, Miladin Maglov talked about the Serbian Business Registers Agency’s experience in setting up the Company Register as an integrated electronic and centralized database on registered companies and sole traders in the Republic of Serbia.

He also announced the imminent implementation of the one stop shop registration system. With this system, the citizens will be able to submit their documents for company registration at a single reception desk in SBRA. SBRA will subsequently exchange data with other government agencies and institutions that are relevant for starting a business. Further decline in the number of procedures and forms will bring savings not only for companies, but also for the state administration, while communication between different state institutions will be streamlined in the process.

The Registrar of the Company Register underscored that for full implementation of the online registration procedure, electronic signature should be brought to bear as soon as possible.  

Beside SBRA representatives, the E-government conference was also attended by representatives of the Ministry of Telecommunications and Information Society, Ministry of Health, Ministry of Public Administration and Local Self-Government, Public Procurement Administration, USAID Serbia, local authorities of Inđija and Niš, as well as representatives of Oracle Serbia, SAP Serbia and Com Trade Group.

 
BUSINESS TOP 2007 Published - Friday, October 17, 2008

 
Biznis i finansije (Business & Finance) magazine held a press conference to announce the release of its BUSINESS TOP 2007 publication and CD in the Tanjug press center on 16 October.

The BUSINESS TOP 2007 publication presents business results of the largest companies in Serbia, ranked by various criteria and based on the companies’ financial statements for 2007, which were processed by the Serbian Business Registers Agency.

Serbian Business Registers Agency Director Zvonko Obradović, Deloitte Chairman Dragan Đuričin, Sinteza Broker Analyst Nenad Grujaničić and SIEPA Marketing and Research Consultant Dragan Pejčić commented on the data released in the publication and the current financial situation worldwide and in Serbia.

Director Zvonko Obradović underlined that over the past three years SBRA has acquired extensive experience in processing financial statements and detected numerous irregularities in the compilation of these statements. The most frequent reasons for the detected irregularities were inadequately trained and informed accountants, forms completed by hand, lack of a system for quality control of auditors and the inadequate attitude of the state with regard to financial reporting.

After the 3rd XBRL conference organized by ECRF in Belgrade last January, the Serbian Business Registers Agency launched the XBRL Initiative for Serbia. Its objective is to establish a national body for the introduction of XBRL international standard in financial and business reporting and for the design of national taxonomies. Introduction of the XBRL standard would allow for electronic filing of financial statements, exchange of data with other countries, reduce the margin of error, increase business transparency and enhance reliability of financial statements.

 
Obtaining a Certified Copy of Entry in SBRA Branch Offices - Tuesday, October 7, 2008


Thanks to a new software solution for its branch offices, the Serbian Business Registers Agency (SBRA) will be able to cater to its clients’ need for certified copies of entry in the Company Register in any of the 13 SBRA branch offices, (their list can be found in the Contacts section of this website). With a completed application form for a certified copy of entry and payment of the relevant fee, both entrepreneurs and companies can obtain a certified copy of entry directly in any of SBRA’s branch offices.

 
Serbian Business Registers Agency has changed its Internet domain - Wednesday, September 3, 2008

Serbian Business Registers Agency (SBRA) has changed its Internet domain from www.sbra.sr.gov.yu to www.sbra.gov.rs , as of September 03, 2008. Also, e-mail addresses of SBRA emloyees have been changed accordingly (i.e. from ...@sbra.sr.gov.yu to ...@sbra.gov.rs).

 
SBRA’s Pledge Register marks its three year anniversary - Friday, August 15, 2008

In three years of existence, the Pledge Register has registered 30,000 active pledges over movable assets and rights. Since the beginning of the year, the Register received 11,863 requests for the registration of pledges.

The Pledge Register is a single electronic database of contracts of pledges over movable assets and rights, legal (which arise in tax proceedings) and judicial pledges (which arise in enforcement proceedings). The Register begun to operate on 15 August 2005. Before its constitution, in Serbia there were no records on this specific type of collateral for loans. Until three years ago, pledge was little known among the local community and corporate sector.

In this first 4.5 months of work, the Register received 4,783 applications for registration of pledges. The Serbian Business Registers Agency first proceeded to register “old” pledges, in order to ensure legal protection of the right of priority of creditors in the case of debt settlement. In the course of 2006, 9,135 pledges were filed and in 2007, 14,332 applications were received.

The number of registered pledges in 2007 increased by 56.89 per cent in comparison with 2006, while in the first 7.5 months of this year the number of pledges grew by 7.28 per cent, compared to the same period last year. If this trend continues, it is to be expected that by the year’s end the number of registered pledges will exceed the previous year’s growth rate.

The registered pledges serve as collateral for claims amounting to RSD 180 billion, EUR 12 billion, CHF 420 million, KR 1.5 million and USD 440 million.

As regards the structure of pledges, the most frequent users of this type of loan collateral are banks (more than 57%), followed by companies, the Development Fund of the Republic of Serbia and associations (21%), as well as the Tax Administration, in other words the Republic of Serbia in whose favor the pledge right is registered as a guarantee for the settlement of tax debts (20%).

In most cases, pledged assets are machines and equipment, passenger and freight vehicles and property rights (shares, claims and similar). Intellectual property is also the object of pledge (trademarks and other) registered in this Register until the time when special regulations are adopted to regulate the matter of registration of pledge rights in intellectual property registers.

Just as a reminder, by instituting a pledge right, the pledger does not loose the rights over a pledged asset (he/she gains profit by using the pledged asset, has the possibility to transfer ownership, to rent or lease a pledged asset for use by third parties), while the pledgee through registration in the public register ensures right of priority in the settlement of debt. The existence of an electronic register, whose data are in the public domain, increases legal security for doing business, simplifies the procedure for obtaining a loan, while Serbia ensures greater legal security for its citizens and the economy.

 
Press release regarding SBRA web traffic recorded in the first 6 months - Friday, July 25, 2008

In the past six months the Serbian Business Registers Agency (SBRA) website www.apr.sr.gov.yu registered 2,239,393 visitors.

Website visitors mostly used the data search options, so that 1,196,598 company data searches were recorded and 472,180 searches of registered data on entrepreneurs in the Company Register’s single electronic database.

Data search on registered financial leasing contracts was performed by 30,375 users, while information about registered pledges over movable assets and rights was sought by 36,489 users.

After the home page and data search, the highest number of hits was recorded in the Q&A section, with regard to company and business registration, and to the operation of the Company Register, within which companies and entrepreneurs are evidenced. These pages have recorded 61,856 visits in the entrepreneurs’ information section and 31,771 visits in the company information section.

The section devoted to financial statements has also recorded a large amount of traffic (34,426 hits), followed by the section with laws, regulations and by-laws (31,977 visits) and section with electronic data (29,485 visits), which the Agency delivers to interested users under certain conditions.

From month to month, the Agency is recording increasing traffic on its website. This is an incentive to further improve and upgrade the website www.apr.sr.gov.yu, which is a kind of service for all business entities, banks, media and other interested users, who rely on the accuracy of this publicly available information from the electronic registers of the Serbian Business Registers Agency.

 
Financial Leasing Register Statistics for the first six months - Friday, July 18, 2008

The value of financial leasing contracts in Serbia amounts to more than EUR 2.6 billion. In the first six months of this year, 6,345 new leasing agreements were signed, which is 30 per cent less than in the same period last year. In a statement to Beta, Tanja Vukotić-Marinković, Registrar at the Financial Leasing Register, said that a growth in the number of leasing contracts has been marked in 2Q of 2008.

Vukotić-Marinković said that leasing is still most frequently used for buying cars, although the share of these contracts in the total amount of leasing contracts dropped to 40 per cent from 55.4 per cent recorded in the same period last year.

Leasing of household appliances decreased in the first half of 2008. The drop in the number of household appliance leasing contracts was recorded after the decision of the National Bank of Serbia to limit the minimal leasing contract amount to EUR 2,000, said the Registrar in the Financial Leasing Register.

According to her, the share of household appliances leasing contracts in the overall number of “active” contracts, registered in the Financial Leasing Register amounts to 18.2 per cent.

SBRA receive requests for registration of financial leasing contracts from 17 leasing companies. Hypo-Alpe-Adria leasing, Raiffeisen leasing and VB leasing have the largest number of registered contracts.

On June 30, there were 63,148 active financial leasing contracts.

 
New digital answering system at SBRA’s call center - Wednesday, July 2, 2008

The Serbian Business Registers Agency has introduced a new service – a digital answering system in the Agency’s Call Centre.

By dialing 011/20 23 350 you can get key information about the work of the Agency and the individual Registers administered by SBRA, as well as information on registration procedures. If you want your call to be transferred to the operators, please dial 0 when the digital answering system automatically turns itself on.

You may also leave a voice message with your questions on the answering system. Users need to leave their contact phone number or e-mail address, and SBRA’s Call Center Operators will answer the queries within 24 hours.

 
SBRA successfully organized ECRF conference - Monday, June 23, 2008

The Serbian Business Registers Agency (SBRA) successfully organized this year’s, 11th European Commerce Registers’ Forum (ECRF). The conference was attended by 130 participants from 35 countries – delegates from almost all European countries, Malaysia, South Africa, Canada and the U.S...

The representatives of OECD Investment Compact for South-East Europe presented their Report on the Implementation of the European Charter on small and medium enterprises in the Western Balkans, while the World Bank and International Finance Corporation (IFC) delegates presented the “Doing Business” methodology in analyzing the impact of business registration regulatory procedures.

One of the key topics of the two day conference was the session on prevention of money laundering, where Mr. Nicholas Troy-Anti-Money Laundering Unit Jersey Financial Services Commission, Mr. Anton Bartolo-Registrar of Companies Malta Financial Services Authority, Mr. Paul Reynolds-Head of Corporate Affairs UK Companies House and Ms. Tatjana Djurasinovic-Head of International and National Cooperation Department Administration for the Prevention of Money Laundering Ministry of Finance, Republic of Serbia, shared their experiences. Part of the Forum was devoted to presenting the individual experiences of national registers, such as the implementation of the online one-stop-shop business registration system in Estonia. At the conference, which took place in the Hyatt Hotel in Belgrade, the Swedish Companies Registration Office presented its survey on achievements in the area of business registration, which included more than 50 European and non-European countries.

The Serbian Business Registers Agency handed over ECRF presidency to Luxembourg.

 
SBRA staff donates blood - Tuesday, June 17, 2008

SBRA Director Zvonko Obradović and 50 staff members donated blood on Monday, June 16th, to the mobile Blood Transfusion Bus located on Trg Republike.

The Serbian Business Registers Agency joined this year’s blood donation action jointly organized by the Serbian Institute for Blood Transfusion and media organization B92.

“It is an honor for the Agency to join the company of humane institutions. It is easy to be generous and it’s the least one can do for other people who may find themselves in difficult life circumstances when this type of help can be decisive in saving a human life.”

The Agency’s Director Mr. Obradović reiterated that SBRA would take part in the blood donation action again at the end of the summer.

 
First online registration in Serbia - Thursday, June 12, 2008

SBRA LAUNCHES ONLINE REGISTRATION FOR ENTREPRENEURS AS OF TODAY!
As of today, all interested individuals who want to register as sole traders can avail themselves of the Serbian Business Registers Agency’s online registration service to submit their applications for registration. Thanks to electronic registration, applicants will only be required to present themselves at the Agency once, when collecting the original certificate of registration. On that occasion they will be required to submit a signed copy of the electronic registration certificate, the supporting documents prescribed by law and the registration fee payment slip. However, the required documents, as well as SBRA’s certificate may also be delivered by mail, thus avoiding the need to come to the Agency in person.

To activate this service, a user account must first be registered on the Agency’s website.

After registering a user account successfully, the user may access the system and submit an application for registration as sole trader.

Once the electronic application has been submitted, a confirmation of electronic submission of application is e-mailed to the user. The confirmation, signed by the applicant, together with the original supporting documents and registration fee payment slip, must be submitted in person to SBRA when collecting the original certificate of registration.

Entrepreneurs may submit their electronic applications for registration as sole trader by clicking on Еlectronic submittal (on the home page of this web portal).

 
First online registration of sole-trader - Thursday, May 15, 2008

Today, the first online registration of an entrepreneur was Serbian Business Registers Agency (SBRA) completed its first online registration of an entrepreneur. Along with the certificate of registration, the owner of the Car Service P&K, Petar Krsmanić from Slepčević near Šabac, was awarded a gift package by SBRA, as the first sole-trader to complete the entire registration process online.

Krsmanić sent an application for registration of his car service yesterday, and today he brought the required original papers to SBRA’s Belgrade office. As the entrepreneur complied with registration requirements and submitted the appropriate documents, a certificate of registration was immediately issued to him.

 
Registration of the 100,000th company - Monday, May 12, 2008

Today the Serbian Business Registers Agency (SBRA) organized a gathering entitled “100.000 START UP SERBIA”, to mark the 100,000th company registration. In addition to Verica Kalanović, the State Secretary of the Ministry of Economy and Regional Development and Mr. Dejan Jovanović, Director of the Small and Medium Enterprise Agency (SMEA), attendees included Ms. Andrijana Glavina, the founder of the 100,000th registered company.

„The first 100,000 have already given Serbia a push! However, our work has only just begun! We need many more new companies, many good business ideas and a huge joint effort to gain the economic strength that Serbia deserves! The companies registered so far, have made their first steps, the state is right by their side, to facilitate administrative procedures for business registration, to assist them in getting the most favorable loans to successfully start their private business,” stated Mr. Zvonko Obradović, SBRA Director.

Ms. Andrijana Glavina, the owner of the 100,000th registered company, a producer of industrial packaging, will apply for a start-up loan with the Development Fund and SME Agency. The pre-condition for the approval of the loan, which amounts to 30,000 EUR, granted by the Ministry of Economy and Regional Development, is registration with SBRA. On this occasion she was awarded a laptop from SBRA’s strategic partner, ComTrade Group, as well as a ADSL connection and a year of free internet from Serbian Telekom.

 
SBRA launches electronic registration service for entrepreneurs - Friday, May 9, 2008

As of today, all interested individuals who want to register as sole traders can avail themselves of the Serbian Business Registers Agency’s electronic registration service to submit their applications for registration. Thanks to electronic registration, applicants will only be required to present themselves at the Agency once, when collecting the original certificate of registration. On that occasion they will be required to submit a signed copy of the electronic registration certificate, the supporting documents prescribed by law and the registration fee payment slip. However, the required documents, as well as SBRA’s certificate may also be delivered by mail, thus avoiding the need to come to the Agency in person.

To activate this service, a user account must first be registered on the Agency’s website.
After registering a user account successfully, the user may access the system and submit an application for registration as sole trader.

Once the electronic application has been submitted, a confirmation of electronic submission of application is e-mailed to the user. The confirmation, signed by the applicant, together with the original supporting documents and registration fee payment slip, must be submitted in person to SBRA when collecting the original certificate of registration.

Entrepreneurs may submit their electronic applications for registration as sole trader by clicking on Еlectronic submittal (on the home page of this web portal).

 
SMS based application status check service available at SBRA - Tuesday, May 6, 2008

As of today, Serbian Business Registers Agency’s (SBRA) customers can avail themselves of a new service to check the status of their application via SMS, by sending a message to 7272. This service is available to all business users of mobile networks 062, 063, 064 and 065.

The status can be checked of all applications submitted by companies or individuals to the Serbian Business Registers Agency, i.e. the Company Register and the Register of pledges on movable assets and rights (for the registration of pledges). 

The service can be activated by simply sending an SMS text message containing the code CAS (for company application status) or PAS (for pledge application status), followed by the submittal reference number assigned by the Agency. Shortly, users will receive confirmation it the application has been received in SBRA’s head office, if it is being processed, or whether the application has been approved or rejected by decision of the Registrar.

The status check service charge is RSD 5 per SMS message, which only covers the costs of the mobile operator and provider, while the Agency offers its services free of charge.

By introducing this SMS based application status check service, SBRA aims to facilitate user access to information on the status of their application anytime, anyplace, in order to further decrease the time needed to complete business registration.

As a reminder, from April all SBRA service users may check the status of their application on the Agency website home page, in the section “Companies” and “Entrepreneurs” – “Application status”.

 
Participation of the SBRA Director Mr. Zvonko Obradović at the Conference in Canada – April 4, 2008. - Friday, April 4, 2008

INFORMATION ON THE PARTICIPATION OF ZVONKO OBRADOVIĆ, DIRECTOR OF THE SERBIAN BUSINESS REGISTERS AGENCY (SBRA), AT ANNUAL CONFERENCE OF THE CORPORATE REGISTERS FORUM IN CANADA

Director of the Serbian Business Registers Agency (SBRA), Mr. Zvonko Obradović, has been invited to participate in the Annual Conference of the Corporate Registers Forum (CRF) held in Canada (Vancouver, March 31 - April 4, 2008), in the capacity of the President of the Steering Committee of the European Commerce Registers’ Forum (ECRF), to present activities of ECRF that is presided by SBRA from June 2007 to June 2008.

At yesterday’s session, Mr. Obradović informed the conference participants about all activities that Serbian Business Registers Agency undertook as a presiding ECRF register since June 2007. He also presented results of the 3rd XBRL ECRF Conference that SBRA organized in Belgrade on the 18th of January. In conclusion of his presentation, Mr. Obradovic invited conference delegates to come to Serbia on the occasion of the 11th Annual ECRF Conference that Serbian Business Registers Agency would organize on the 19th and 20th of June, 2008, in Belgrade.

The Corporations Canada is the host of the 2008 CRF Conference that has the theme “Between Friends – Interoperability”. The Conference was opened by Ms. Marie-Josée Thivierge, Assistant Deputy Minister of Industry of Canada.

CRF is an international not-for-profit organization for administrators of corporate securities registers, founded five years ago with an aim to establish a platform for the exchange of experiences of the corporate securities registers. CRF Members jurisdictions are: Australia, Canada, Cook Islands, Fiji, Hong Kong, India, Malaysia, Malaysia, Mauritius, New Zealand, Nigeria, Pakistan, Samoa, Singapore, South Africa, Sri Lanka, Tonga, United Kingdom, Vanuatu and Zambia.

 
SBRA's experience in the implementation of the business registration system reform - Wednesday, March 12, 2008

SBRA’s EXPERIENCE IN THE IMPLEMENTATION OF THE BUSINESS REGISTRATION SYSTEM REFORM PRESENTED AT WORLD BANK INSTITUTE WORKSHOP IN DUSHANBE (11-12 March 2008, Tajikistan)

At today’s workshop in Dushanbe (Tajikistan), organized by the Government of Tajikistan, with the support of the World Bank Institute and the financial assistance of the Government of Japan, Director of the Serbian Business Registers Agency (SBRA), Mr. Zvonko Obradović, presented previous experiences of the Republic of Serbia in the implementation of the business registration reform and introduction of a ‘one stop shop’ registration system.

Mr. Obradović’s participation in the two-day convention on the topic of “Establishment and implementation of a one stop shop registration system in Tajikistan – challenges and possibilities”, was by invitation of the World Bank Institute, which recognized SBRA as a successful reformer and regional leader in the field of business registration.
 

 
Closing of receipt of finnancial reports - Monday, March 10, 2008

CLOSING OF RECEIPT OF FINANCIAL REPORTS DUE IN FEBRUARY

 

Serbian Business Registers Agency (SBRA) has received 108,261 company financial reports. Based on the documents that have arrived and have been processed, 13,395 entrepreneurs, 91,927 small and 2,939 medium and large enterprises have filed their financial statements with SBRA.

 

Out of the total number of financial reports filed, as many as 60% arrived by mail, while the rest were handed in at SBRA’s Belgrade office and 13 extension offices.

 

All paper documents received, will be processed and transferred into electronic format by the Agency, while the top five most important data from the 2007 annual returns will be published on our website, (on the Data Search page, in the Business Register section): business income and expenditures, total profit, assets value and company capital.

 

In addition, in the future, the Agency will also publish data on the total number of employees, as an integral part of the corporate data which will be made available to the public.

 

Furthermore, in the course of this year another new service will be made available to users – scanned annual reports for the period from 2005 to 2007.

 
SBRA signs donation protocol with KOICA - Thursday, February 14, 2008

SBRA SIGNS DONATION PROTOCOL WITH INTERNATIONAL DEVELOPMENT AGENCY  KOICA FOR THE “IMPROVEMENT OF ADMINISTRATIVE CAPABILITY OF SERBIAN BUSINESS REGISTERS AGENCY OF THE REPUBLIC OF SERBIA” 

On 14 February 2008, the Serbian Business Registers Agency and the Korea International Cooperation Agency (KOICA) signed a Donation Protocol for the “Improvement of Administrative Capability of the Serbian Business Registers Agency of the Republic of Serbia”.

The Protocol was signed at SBRA’s office by Mr. Zvonko Obradović, SBRA Director and Mr. Kong Moo Heon, Leader of KOICA’s Implementation Survey Team.

The signing took place in the presence of Her Excellency Kim Yung Hi, Ambassador of South Korea, the State Secretary for Foreign Economic Relations of the Ministry of Economy and Regional Development Jasna Matić, and the Advisor to the Department for Programming and Management of EU Funds and Development Assistance of the Ministry of Finance Igor Perić.

The Ambassador of South Korea dr. Kim Yung Hi expressed her conviction that successful implementation of the project will speed up and facilitate, as well as increase the transparency and efficiency of doing business in Serbia, to the benefit of not only domestic companies but also foreign investors, and that the project will contribute to a better living standard of Serbia’s citizens and forging closer ties between the people of Serbia and Korea.

Dr. Yung Hi emphasized that the Korean Government had made an exception with respect to the amount of the donation, as the standard amount approved per project does not usually exceed USD 2 million, whereas the funding approved in this case amounts to USD 3.2 million.

State Secretary for Foreign Economic Relations of the Ministry of Economy and Regional Development of the Government of Serbia, Ms. Jasna Matić, emphasized that upgrading SBRA’s operations would result in an improved business environment in Serbia and increased efficiency of the domestic economy, which in turn would contribute to increasing the volume of foreign investments.

The donation, consisting of equipment and software, will be implemented over a period of two years, from 2008 to 2009.

The donation is intended for upgrading the existing system, through the introduction of integrated registers, e-archives and the development of an information hub for internal and external users, (state institutions and interested users).

The funds will be allocated also for the establishment of a One-Stop-Shop system, aiming to provide services which will be integrated in one office, in the Serbian Business Registers Agency. With the introduction of a One-Stop-Shop system, the foundations will have been laid for the development of communications and the implementation of electronic procedures between the various state agencies.

The implementation of the project will contribute to upgrading cooperation between the two countries in the field of information and communications technologies (ICT), through the transfer of know how held by the Republic of Korea to the Republic of Serbia in the field of e-governance.

 
The Serbian Business Registers Agency organized and hosted the 3rd XBRL Conference in Belgrade - Tuesday, January 22, 2008

Welcoming the Conference participants, Mr. Luka Andrić - State Secretary of the Ministry of Economy and Regional Development of the Republic of Serbia – has emphasized that Serbian Government’s main goal is to sign the Stabilization and Association Agreement within the shortest possible period, as it would, consequently, direct Serbia towards the European Union. “On Serbia’s way to Europe, a lot of work remains to be completed by the state and its institutions. However, when it comes to business registration and managing electronic business registries as public databases, I am glad to note that Serbia is already a member of the most important European associations of business registers”, Mr. Andrić has concluded.
   
Mr. Zvonko Obradović, Director of the Serbian Business Registers Agency and 2007/2008 President of the ECRF Steering Committee, has stated that there are 305,000 business entities registered at the moment, out of which 97,000 business companies and 208,000 entrepreneurs (“sole traders”), as well as that number of newly established companies has been increasing by 10% on the average, from years to year. The Agency, which exists three years, takes in ambitious development plans, prioritizing its active involvement in international associations of business registers, constant application of newly adopted facts, as well as a continuous improvement of its electronic services, accomplishment of higher efficiency in the field of business registration, and a transparent performance of its services.

Fifty-one representatives from USA, 16 European states and Serbia participated in the Conference. The Conference was attended by representatives from: USA, Switzerland, Estonia, Luxembourg, Sweden, United Kingdom, Guernsey, Latvia, Italy, Greece, Lithuania, Macedonia, Croatia, Liechtenstein, Ireland, The Netherlands, Denmark, as well as representatives of the National Bank of Serbia, Belgrade Stock Exchange, Republican Statistical Office, Spinnaker (member of ComTrade Group), Belit Ltd., and Belgrade College for Accounting and Stock-Exchange Transactions.

Ms. Liv A. Watson, an American XBRL expert (Vice President of Global Strategy at EDGAR Online Inc. (Nasdaq: EDGR) - a leading provider of value-added business and financial information on global multinational companies to financial, corporate and advisory professionals, XBRL International Steering Committee Member and Chair of the XBRL International Jurisdiction Development Working Group, is responsible for developing EDGAR Online's International business development strategy. In her opening presentation, Ms. Watson reported her long-standing and rewarding experience in XBRL application in the USA, particularly reviewing a multiple possibilities of XBRL application not only in the financial reporting supply chain, but also a broader XBRL adoption.

Another prominent introductory key-note speaker, Mr. Paolo Lombardi, Director of the Group's Contact Center of Banca Monte dei Paschi di Siena and Deputy Coordinator of the EU-funded ICT project “MUSING” (“Multi-industry, semantic-based business intelligence”), presented the MPS Bank's experience in using XBRL.

The following eleven presenters have considerably contributed to the Conference with their interesting and valuable presentations: Mr. Ryan Gydesen (Denmark), Mr. Matthieu van Bommel (The Netherlands), Ms. Helene Alund (Sweden), Ms. Monica Grahn (Sweden), Mr. Nico Weydert (Luxembourg), Ms. Paola Fumiani (Italy), Mr. Piero Milani (Italy), Mr. Arthur West (UK), Ms. Jo Jones (UK), Mr. Branislav Dobrosavljević (SBRA) and Dr. Stanislav Polić (Serbia).

This specialized ECRF Conference was held for the first time in a country which does not belong to the group of the most developed EU members (the previous two XBRL ECRF Conferences were held in the Netherlands and Sweden). As the Conference was held in the region that is still out of the Union, it also dealt with a present status and development perspectives of a contemporary business and financial reporting that applies international accounting standards and XBRL, not only in Serbia, but also in the region of South Eastern Europe (Croatia, Macedonia).

On June 19-20, 2008, the Serbian Business Registers Agency will organize and host the 11th Annual Conference and General Meeting of the ECRF General Assembly. Luxembourg, i.e. the Commercial and Companies' Register of Luxembourg (Registre de Commerce et des Sociétés - RCSL), will undertake the ECRF presidency from Serbia, at the June Conference. The one-year tenure of office of the Director of the Serbian Business Registers Agency, Mr. Zvonko Obradović, as the ECRF Steering Committee President, will also expire in June.

 
Serbian business registers agency is organizing and hosting the 3rd XBRL conference - Thursday, January 17, 2008
As a 2007/2008 presiding register of the European Commerce Registers’ Forum – ECRF, the Serbian Business Registers Agency (SBRA) will be a host and orginizer of a one-day international conference, scheduled to be held in Belgrade (HYATT Regency Beograd Hotel), on Friday – January 18, 2008.

The conference will deal with European perspectives in application of XBRL (Extensible Business Reporting Language), an XML-based format to define and exchange business and financial performance information.

There are 51 representatives, from USA, 16 European countries and Serbia, who have registered for the conference.
 
New Web Site - Friday, January 11, 2008

Respected users,

We are happy to announce that we’ve redesigned Internet page of Serbian Business Registers Agency (SBRA).

New Internet page is more user friendly than the old one, enabling better interaction between you and SBRA.

Our Internet page is now more rich in terms of its contents, providing various information, news, frequently asked questions, as well as some samples of filled in applications.

We are looking forward to receiving your eventual suggestions wich will help us to improve our web site’s performances.

Thank you in advance!

 
SBRA Discobolos - Tuesday, December 18, 2007

SBRA DISCOBOLOS 

The Serbian Business Registers Agency (SBRA) has been awarded with the prestigious Discobolos 2007 award in the public sector activities category, for the Agency’s services based on high accessibility databases.

At the award ceremony, held on 18 December in the Continental Hotel, the laureates were awarded the recognition by an international jury composed of members of the European Assembly of ICT Associations, the European Chamber of Commerce and regional ICT Associations.

The Discobolos award is granted in recognition of outstanding achievements in the field of information and communications technologies (ICT), as well as for radio and television programs promoting ICT.

 
  
Copyright 2007 by APR